The Bond Market Has Never Sounded Recession Alarms for This Long
- 10-year yield has been below 3-month rate for 212 trading days
- ‘Ignore the signal at your own risk,’ Duke’s Harvey says
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The US bond market hasn’t flashed recession warnings so consistently for so long in at least six decades.
On Wall Street and in Washington, optimism may be building that the Federal Reserve is poised to steer the economy toward a soft landing.